Party Gaming intent on entering US gambling market


Internet gaming giant talking to potential partners against the day the world's biggest market opens up

Gibraltar-based online gambling operatorParty Gaming is still apparently intent on entering the US market, should it become accessible legally, with its multi-million dollar settlement with the US Justice Departmentlast July forming a springboard from which it may be able to develop partnerships with US companies.

This week the online gambling giant revealed to the Reuters news agency that it is talking to potential US partners with a view to re-entering what is still the world's largest online gambling market.

“We are certainly in discussions with a few parties on a number of different opportunities,” said Jim Ryan, chief executive officer at Party Gaming, adding the cautionary statement that the talks were still in the preliminary stages, and declining to identify with whom his company was negotiating.

“There is a list of suspects who one would expect us to be talking to, given that our focus is consolidating the online gaming sector,” said Ryan. “We are talking to a number of US entities about doing business with them when the US market regulates. It's positioned us for growth from a mergers and acquisitions perspective and, from an operational perspective, I think it's our ticket back into the United States.”

Ryan went on to say that he has been encouraged by recent moves in the US by Congressmen Barney Frank and Jim McDermott to overturn the Unlawful Internet Gambling Enforcement Act of 2006. The legislators have argued that the passage of their measures would generate tax revenues of about $42 billion over ten years.

“We're hearing rumours that we're going to get support from the [US] land-based operators for online gaming so it seems like momentum is building,” said Ryan.

General Gambling News

Login to post a comment:


 
 

Click Here to register a new account

What's going on right now!

4mins ago someone from United States played Lil' Lady

Casino Community

Share this page on:
Follow LCB on:
Follow LCB

Casino Of The Month

Casino of the Month

In the last 24h

Totals

  • New Members
    25
  • Members Online
    460
  • Guests
    1,721
Highest Community Rated Online Casinos
BETAT Casino
  (207 Ratings)
SlotsMillion
  (62 Ratings)
32 Red Casino
  (333 Ratings)
Guts Casino
  (194 Ratings)
Mr Green Casino
  (295 Ratings)
Buzzluck Casino
  (166 Ratings)
Bohemia Casino
  (10 Ratings)
Videoslots.com
  (157 Ratings)
NextCasino
  (162 Ratings)
Bet365 Games
  (181 Ratings)
Unibet Casino
  (155 Ratings)
CasinoLuck
  (237 Ratings)
Betsson Casino
  (225 Ratings)
Betsafe Casino
  (198 Ratings)
Redbet Casino
  (164 Ratings)
Spin Palace Casino
  (124 Ratings)
Voglia di Vincere
  (6 Ratings)
Slotty Vegas
  (119 Ratings)
Intertops Red Casino
  (130 Ratings)
ComeOn Casino
  (261 Ratings)
Sin City Casino
  (110 Ratings)
Vera John Casino
  (189 Ratings)
Intertops Casino Classic
  (117 Ratings)
Winner Casino
  (355 Ratings)
Thrills Casino
  (145 Ratings)
Ladbrokes Casino
  (160 Ratings)
Slotland
  (321 Ratings)
Casino Saga
  (106 Ratings)
Jetbull Casino
  (112 Ratings)
Liberty Slots Casino
  (202 Ratings)


Follow LCB on Facebook Follow LCB on Twitter Follow LCB on Pinterest Follow LCB on Google plus